Piramal Enterprises Limited
Piramal Enterprises Ltd. (PEL) is a leading diversified Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI), with presence across retail lending, wholesale lending, and fund-based platforms. The company has investments an...
Key Metrics
EPS
-74.92
Current ratio
1.39
Debt/Equity
2.11
Debt/EBITDA
-22.88
Interest coverage ratio
-
operating Cashflow to total debt
0.00
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Substantial reduction in exposure to the real estate segment in overall loan book/AUM.
Sizeable reduction in concentration of group exposure in the wholesale lending book with increase in granularity on a sustained basis.
Significant improvement in asset quality and profitability
Liquidity: Adequate
Cons
Inability to reduce the exposure to real estate loans in the loan book on a sustained basis.
Mismatch in asset liability maturities and challenges in raising long-term funding at competitive rates.
Deterioration in asset quality with net non-performing asset (NNPA)/ net worth of over 10%.
Increase in the overall gearing beyond 3.5x.
Inability to refinance debt in a timely manner
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About Piramal Enterprises Limited bond.
This comprehensive profile covers key factual information about Piramal Enterprises Limited. Piramal Enterprises Ltd. (PEL) is a leading diversified Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI), with presence across retail lending, wholesale lending, and fund-based platforms. The company has investments and assets worth ~$10 billion, with a network of over 300 branches across 25 states/UTs. PEL has built a technology platform, which is driven by artificial intelligence (AI), with innovative financial solutions that cater to the needs of varied industry verticals. PEL has steered dynamic business growth over the three decades of its existence, staying focused on both organic as well as inorganic growth strategy. Within retail lending, through its multi-product platform, the Company offers home loans, loans for small businesses and loans for working capital to customers in affordable housing and mass affluent segments across tier I, II and III cities. Within wholesale lending, the business provides financing to real estate developers, as well as corporate clients in select sectors. PEL has forged strategic partnerships with renowned financial institutions such as CPPIB, APG, and Ivanhoe Cambridge (CDPQ) across a spectrum of investment platforms. Piramal Alternatives, the flagship fund management arm, stands out as a premier India-focused alternatives business covering private debt, private equity, and real assets/infrastructure. It delivers bespoke financing solutions to elite corporations through a range of offerings including the Performing Credit Fund, India Access Fund of Funds, Hybrid Growth, and the India Resurgence Fund (a collaborative asset revitalization platform with Bain Capital Credit). EPS in Mar-2024 was -74.92. Current ratio in Mar-2024 was 1.39. Debt/Equity in Mar-2024 was 2.11. Debt/EBITDA in Mar-2024 was -22.88. Interest coverage ratio in Mar-2024 was . operating Cashflow to total debt in Mar-2024 was 0.00. Total revenue for Mar-2025 (E) was ₹14,753.91. Net income for Mar-2025 (E) stood at ₹3,012.11. Total assets as of Mar-2024 were ₹82,605.00. Operating cash flow for Mar-2024 was ₹26.43. The company’s borrowing relationships include Aditya Birla Finance Ltd. (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), Induslnd Bank Ltd. (₹N/A Cr), Karnataka Bank Ltd. (₹N/A Cr), Karur Vysya Bank Ltd. (₹N/A Cr), Proposed (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Sumitomo Mitsui Banking Corporation (₹N/A Cr). Peers and comparison entities consist of Piramal Enterprises Limited , Motilal Oswal Financial Services Limited , Aditya Birla Capital Limited , Cholamandalam Financial Holdings Limited . As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Substantial reduction in exposure to the real estate segment in overall loan book/AUM.; Sizeable reduction in concentration of group exposure in the wholesale lending book with increase in granularity on a sustained basis.; Significant improvement in asset quality and profitability; Liquidity: Adequate; . Key risks include: Inability to reduce the exposure to real estate loans in the loan book on a sustained basis.; Mismatch in asset liability maturities and challenges in raising long-term funding at competitive rates.; Deterioration in asset quality with net non-performing asset (NNPA)/ net worth of over 10%.; Increase in the overall gearing beyond 3.5x.; Inability to refinance debt in a timely manner. This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.